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Posted on 03/03/2017

Bank Monaco seal fourth straight Sailing Arabia title

Dubai: EFG Bank Monaco skipper Thierry Douillard led his team to their fourth consecutive EFG Sailing Arabia — The Tour title as the Muscat to Dubai race drew to a close on Wednesday. Douillard’s men sealed their victory in style by winning the final …
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Posted on 03/03/2017

Dubai-based man with prosthetic leg achieves the unthinkable

I was offered a chance to do this, so why not?” Pradines said. The 44-year-old Brazilian and a father of two, who has been living in Dubai for around 10 years, lost his lower leg in a freak accident while trying to board a moving train when he was 11 …
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Posted on 02/03/2017

Glitch in Tawtheeq system causes upheaval for Abu Dhabi residents

ABU DHABI // A glitch in the municipality’s property registration system has stopped hundreds of people from moving into new homes. Long queues have formed all day at the Tawtheeq offices for more than a week, with many people having to return the next …
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Posted on 02/03/2017

Abu Dhabi rents expected to decline in 2017

the property division of Abu Dhabi Islamic Bank, told The National. “I think possibly the effect of the reintroduction of the rent cap could be that rents start to stabilise,” added Andrea Menown, head of investment sales at broker LLJ. Either way …
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Posted on 02/03/2017

Fun Abu Dhani attraction coming in 2018

World Abu Dhabi will bring together Super Heroes and Super-Villains from the DC Universe, including Batman, Superman and Wonder Woman, as well as iconic animated properties such as Bugs Bunny, Scooby-Doo and Tom and Jerry, creating a family-friendly …
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Posted on 02/03/2017

Rents and prices set to fall further in Abu Dhabi in 2017

Average residential rents and property prices in Abu Dhabi fell in 2016 and further declines are likely in 2017 due to new supply coming onto the market, the latest analysis report suggests. Apartment rents fell by 7% on average year on year and villas …
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Posted on 02/03/2017

Rak Properties signs deal to launch InterContinental hotel

Ras Al Khaimah: Rak Properties, one of the biggest property developers listed on the Abu Dhabi Stock Exchange, has signed a Dh11.5 million contract with Al Nuaimi Group, to embark on the implementation phase of its upcoming InterContinental Mina Al Arab …
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Posted on 02/03/2017

Abu Dhabi sees big demand for affordable lodging

The UAE capital’s largest and most influential property investment show, Cityscape Abu Dhabi will run from April 18 to 20 at the Abu Dhabi National Exhibition Centre. It has returned with new features and highlights across 18,000 sq m of exhibition space …
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Posted on 02/03/2017

Abu Dhabi tenants will move for better value in 2017, says latest Asteco report

The average annual rent of a high-end two-bedroom property on Abu Dhabi Island falling 10% to AED141,000 in 2016; and a two-bedroom apartment in Khalidya/Bateen dropping by as much as 13%, on average, to AED146,000. Mid and lower end apartments experienced …
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Posted on 02/03/2017

RAK Properties reports 9.4% profit growth in 2016

RAK Properties, Ras Al Khaimah’s largest property developer listed on the Abu Dhabi Stock Exchange, has reported 9.38% net profit growth and increased profit margins for 2016. The company, which has been leading the residential and commercial development …
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Posted on 02/03/2017

UAE Islamic banking assets reach Dh520b

Abu Dhabi: Saif Hadef Al Shamsi, Assistant Governor for Monetary Policy and Financial Stability at the UAE Central Bank, has said that total Islamic banking assets in the UAE have increased to approximately Dh520 billion in the past few years. Al Shamsi …
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Posted on 02/03/2017

Rapper Silento stuck in UAE over business dispute

The dispute centres on shows Silento was supposed to play in Al Ain and the Emirati capital, Abu Dhabi, on Feb. 18, according to Makki Taj El Sir Abdel Halim, who owns event organizer Mackie Entertainment. The promoter said he is seeking to recover lost …
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Posted on 02/03/2017

Russian sale of fighter jets to UAE highlights shift toward Kremlin amid U.S. hesitancy

News of the deal between the Kremlin and the UAE came amid murmurs that Moscow is close to capping off a similar deal to send 10 Flanker-E jets to Indonesia and that Russia is slated to send a second batch of the same warplanes to China. These deals — and …
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Posted on 02/03/2017

'Watch me (whip/nae nae)' rapper Silento stuck in United Arab Emirates over business dispute

Silento, a U.S. rapper known for his hit song “Watch Me (Whip/Nae Nae)” has had his passport seized by authorities in the United Arab Emirates over a business dispute.(Photo by Drew Gurian/Invision/AP, File) DUBAI, United Arab Emirates — The American …
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Posted on 02/03/2017

'Watch Me' rapper Silento stuck in UAE over business dispute

DUBAI, United Arab Emirates — The American rapper known for his hit song “Watch Me (Whip/Nae Nae)” has been stopped from leaving the United Arab Emirates over a business dispute. A court ruling issued against Silento in the city of Al Ain and seen by The …
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Posted on 02/03/2017

Military drills enthrall Abu Dhabi crowd

Abu Dhabi: UAE residents were treated to an action-packed afternoon of military demonstrations up close at a special event in the capital, complete with fighter jets, submarines and helicopters on Thursday, March 2. The show was a live military …
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Posted on 02/03/2017

Live: Military demonstration in Abu Dhabi

Abu Dhabi: UAE residents were treated to an action-packed afternoon of military demonstrations up close at a special event in the capital on Thursday, March 2. Known as the Union Fortress, the multi-force military demonstration drew thousands of people …
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